Former Steinhoff chairperson Christo Wiese said that the forensic investigation into the global retailer would ultimately reveal how accounting fraud took place.
Wiese was speaking to Stephen Grootes on SAfm on Friday. Grootes had asked him how the retailer was looted under his watch.
Wiese said he had only become chairperson of Steinhoff [JSE:SNH] in July 2016 and had chaired “exactly four board meetings” during his tenure.
“Steinhoff had some of the most highly respected board members for years or decades before I became a board member. It had an extremely highly qualified audit committee. It had a sophisticated internal audit function,” he said.
The retailer operated in 33 countries with different boards and different audit committees.
“It was regularly analysed by top…
